Here are the 10 most expensive properties in Vancouver

Chip Wilson?s Point Grey Road home fell by almost $10 million in assessed value

John Kurucz
Western Investor

Pour one out for poor Chip Wilson.

The former lululemon magnate has now seen his Point Grey Road mansion lose $14 million in assessed value over the last three years, according to stats released by the B.C. Assessment Authority Jan. 2.

Alas, Wilson ushers in 2020 with an assessed value of $64.9 million for his palatial, beachfront home in Kitsilano. Last year that number was $73.1 million and $78.8 million in 2018.

Despite that loss, Wilson’s home again tops the list of most expensive properties in B.C.

Seven of the province’s 10 most expensive properties are scattered throughout Vancouver neighbourhoods: Kits, Point Grey, Shaughnessy and downtown. The three others are in Surrey, Abbotsford and the Gulf Islands.

Somewhat miraculously, two Vancouver homes have higher assessed values than a 780-acre island, known as James Island, outside of Victoria. That chunk of heaven is listed at $56.7 million this year.

As was the case last year, the property at 4707 Belmont Ave. comes in at the second spot on the top 10 list, with an assessed value of $58.7 million.

Here’s the complete top 10 list, and in case it wasn’t already evident, those living on Belmont Avenue and Point Grey Road appear to be doing pretty well.

1. 3085 Point Grey Rd. ($64,900,00)
2. 4707 Belmont Ave. ($58,700,000)
3. 4719 Belmont Ave.  ($36,042,000)
4. 4743 Belmont Ave. ($32,771,000)
5.  2815 Point Grey Rd. ($32,588,000)
6. 4773 Belmont Ave.  ($31,720,000)
7. 4857 Belmont Ave. ($30,208,000)
8. 3489 Osler St. ($29,562,000)
9. 2999 Point Grey Rd. ($29,479,000)  
10. Unit 3101 277 Thurlow St. ($29,213,000)

© Copyright 2019 Western Investor